Profit

PepsiCo Beats Quarterly Revenue Estimates On Price Hikes, Steady Demand

PepsiCo beat Wall Street expectations for first-quarter revenue as demand held steady for the soda and snacks giant's Tropicana juices and Cheetos in its i...

Barry Callebaut Reports Revenue, Volume Growth In A 'Challenging' First Half

Chocolate maker Barry Callebaut reported a 0.7% increase in sales volumes, to 1.1 million tonnes, in the first six months of its 2023/24 financial year.

Lamb Weston Trims Annual Sales, Profit Forecast On Weak Potato Snacks Demand

Lamb Weston Holdings trimmed its annual sales and profit forecasts after missing Wall Street estimates for quarterly results on slowing demand for its froz...

European Commission Examines Complaint About Hungary's Tax On Foreign Retailers

The European Commission is looking into a complaint about Hungary's tax on retailers, saying it will 'ensure appropriate follow-up' after the Austrian gove...

Hershey, Mondelēz Bet Big On Easter As Cocoa Price Crisis Looms

Hershey, Mondelēz and other confectionery firms are employing promotions and pitching more non-chocolate Easter treats like cookies 'n' cream bunnies at a...

Spice Maker McCormick Beats Quarterly Results On Steady Volumes, Higher Prices

McCormick beat market expectations for first-quarter sales and profit as consumer demand for its high-priced spices and seasonings held amid sticky inflati...

NorgesGruppen Reports 9.3% Increase In Operating Income In FY 2023

NorgesGruppen has posted a 9.3% increase in operating income to NOK 112.2 billion (€9.7 billion) in its financial year 2023.

Cheerios Maker General Mills Tops Quarterly Sales, Profit Estimates On Higher Prices

General Mills topped market expectations for third-quarter sales and profit, backed by higher prices for its breakfast cereals, snack bars and pet food pro...